Finalisation announcement in respect of The Rights Offer, posting of The Circular and Notice of General Meeting African Dawn Capital Limited Incorporated in the Republic of South Africa (Registration Number: 1998/020520/06) JSE share code: ADW ISIN: ZAE000060703 (“Afdawn” or the “Company") FINALISATION ANNOUNCEMENT IN RESPECT OF THE RIGHTS OFFER, POSTING OF THE CIRCULAR AND NOTICE OF GENERAL MEETING Shareholders were referred to the declaration announcement released on SENS on Thursday, 6 March 2014 (“the Declaration Announcement”) advising shareholders that Afdawn intends to raise up to R40 654 732.40 from its shareholders by way of a partially underwritten renounceable rights offer (“the Rights Offer”). In addition shareholders were advised in the Declaration Announcement that Afdawn received an irrevocable undertaking from Vaalmac Investments Proprietary Limited (“the Underwriter”) to underwrite 50 000 000 of the Rights Offer shares and in order to ensure that the Underwriter obtains a meaningful stake in Afdawn if insufficient shares are obtained as part of the underwriting, Afdawn has agreed to propose the specific issue of shares to the Underwriter (“the Specific Issue”). Shareholders are hereby advised that the Company has received formal approval of the Rights Offer and the Specific Issue circular (“the Circular”) from the Issuer Regulation Division of the JSE Limited and accordingly, the Rights Offer and the Specific Issue can now be implemented in accordance with the salient dates and times set out in the Declaration Announcement. POSTING OF THE CIRCULAR AND NOTICE OF GENERAL MEETING Shareholders are further advised that the Circular containing full details of the terms of the Rights Offer and the Specific Issue, incorporating a form of instruction in respect of the letters of allocation, a notice of general meeting and a proxy form in respect of the general meeting will be distributed on Monday, 17 March 2014 to all shareholders recorded in the Afdawn share register as such on the record date, being Friday, 7 March 2014 for purposes of the Circular and Friday, 14 March 2014 for purposes of the form of instruction in respect of the letters of allocation, where applicable. Notice is hereby given that a general meeting of Afdawn shareholders will be held at 10:00 on Tuesday, 15 April 2014, in the boardroom of the Company at First Floor, Quadrum 4, Quadrum Office Park, 50 Constantia Boulevard, Constantia Kloof, Extension 28, South Africa to consider the resolutions tabled in the notice of general meeting. The date on which shareholders must be recorded in the share register maintained by the transfer secretaries of the Company for purposes of being entitled to attend and vote at the general meeting is Friday, 4 April 2014, with the last day to trade being Friday, 28 March 2014. Johannesburg 10 March 2014 Transaction Adviser and Transaction Designated Adviser: PSG Capital Independent Reporting Accountant: Grant Thornton Date: 10/03/2014 11:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.